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$ 385,000
Est. payment /mo
New
905 ROYAL PALM DR Sarasota, FL 34234
0.67 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Unimproved
Listing Status Active
Purchase Type For Sale
Subdivision Wildwood Pines
MLS Listing ID A4646446
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $2,167
Lot Size 0.670 Acres
Acres 0.67
Lot Dimensions 257x126, 98x231
Property Sub-Type Unimproved
Property Description
Prime Multi-Family Development Opportunity in Sarasota!
Seize this rare chance to develop a high-demand, income-producing property in one of Sarasota's fastest-growing corridors. Located in the up-and-coming North Sarasota corridor, this 115-foot frontage lot is zoned RMF-2, allowing for a 10-unit multi-family development, with the potential to expand to 14 units—perfect for investors looking to capitalize on Sarasota's booming rental market.
This property is ideally situated just minutes from SRQ Airport, The Ringling School of Art, local theaters, entertainment, downtown Sarasota, and the waterfront. High rental demand, proximity to employment hubs, shopping, dining, and public transit make this a strategic investment in a rapidly growing area.
The level lot offers strong development potential, with opportunities for appraisals, surveys, and cost analysis for site preparation. The seller is also offering up to $5,000 towards closing costs, making this an even more attractive opportunity.
With Sarasota's increasing need for multi-family housing, this is a prime investment opportunity to develop, lease, and generate long-term returns. Contact us today to explore development possibilities and secure this exceptional property.
Seize this rare chance to develop a high-demand, income-producing property in one of Sarasota's fastest-growing corridors. Located in the up-and-coming North Sarasota corridor, this 115-foot frontage lot is zoned RMF-2, allowing for a 10-unit multi-family development, with the potential to expand to 14 units—perfect for investors looking to capitalize on Sarasota's booming rental market.
This property is ideally situated just minutes from SRQ Airport, The Ringling School of Art, local theaters, entertainment, downtown Sarasota, and the waterfront. High rental demand, proximity to employment hubs, shopping, dining, and public transit make this a strategic investment in a rapidly growing area.
The level lot offers strong development potential, with opportunities for appraisals, surveys, and cost analysis for site preparation. The seller is also offering up to $5,000 towards closing costs, making this an even more attractive opportunity.
With Sarasota's increasing need for multi-family housing, this is a prime investment opportunity to develop, lease, and generate long-term returns. Contact us today to explore development possibilities and secure this exceptional property.
Location
State FL
County Sarasota
Community Wildwood Pines
Zoning RMF2
Exterior
Utilities Available Other
Building
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4646446
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Listed by COLDWELL BANKER REALTY
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